Interest on Bitcoin

[elisabetheva]

-snip-

Even if anyone wants to earn interest with Bitcoin there is no platform that can be trusted giving away interest like that and i will not take any chances nor does anyone to hold their coins in exchanges if they are not planning to trade. There are exchanges that give you interest for holding the coins but i will not trust them either. When it comes to random messages posting returns, hell no way, block and move on .

with prices that have continued to rise, of course the risk taken will probably be greater and it is not impossible that what you say may happen so that fraud cannot be avoided. Totally agree that do not trust any platform that gives high interest to bitcoin, the risk must also always be considered because now there are so many who take actions that may actually be detrimental.

Bitcoin is currently the target of many people to provide incentives that might be tempting for us to want to keep whatever it is called, which aims to get us to release our bitcoins to them. I totally agree, don't even believe in any form given for you to want to release your bitcoins.

[michellee]

Those newbies attract to crypto because seeing other people who can make a lot of money quickly makes them think they can do like them. Yes, they can do like them and get big money but they must know what those people did to not get the wrong way. Most newbies follow the other people in a local group chat and read about how they make money so they follow what they said without searching for more.

Bitcoin price can make new ATH which means, they are making a lot of money if they buy at the dip but many new people buy not potential coins so they do not see the profit from that coins so they regret it. But if in the first start, they buy bitcoin and just hold it without tempting with the other offers, they are really making a profit from crypto. Hopefully, the next new people can learn about that so they do not make the same mistake as the previous people.

Do you mean buy only bitcoin in order not to make a mistake? And if I understood you correctly, it is not good to buy now because bitcoin is at ATH now. It follows that now you just need to wait for the moment when bitcoin drops in price and then buy it. But what if this does not happen and bitcoin will only grow in the future without significant drawdowns?

That is because bitcoin will rise higher than altcoin and not worry him if he buys only bitcoin. Besides that, when the altcoin is down because following bitcoin price, the down can be a deep down and the risk for losing the value of the coin will be bigger and he can wait for a long time before the altcoin price increase back. But if he buys only bitcoin, the price can rise back to the last high price and sell it whenever he wants. He can wait for a while to buy bitcoin as the price now is increasing.

[Supormor]

It is high trending in Bitcoin because it is very hot in Crypto Industry.

[bandungan]

One way to earn interest on your Bitcoins is by buying more bitcoins. Once you get your first stash, you'll want to get more and increase your total holdings, this gives you an interest anytime you make a purchase, bonus is you DCA.

This is a true statement that fully provides the best place to get flowers. because the most important thing is security and there is no risk than having to hand over the private key and full of risks like the link above

[AakZaki]

the safest is to manage our own funds without using other platforms that promise to incentivize a few percent of the bitcoin assets owned. Many such platforms trick their users into releasing their bitcoins and then not having full control over their bitcoin assets. the safest thing is to manage it yourself, make trades and others so that we have control over the assets we have.

[agg2702]

for a high level of risk, I actually think this is one of the steps that must be taken when on this path because it is not only in crypto, actually everything has risks.
and I suggest that you don't think too much about bitcoin is a scam or not because this will indeed be a boomerang for yourself.
and when talking about your key in bitcoin it is a safe thing as long as you don't tell anyone and for sure you have to do this so you avoid losing your money due to a scam or hack.

[Easteregg69]

Nexo is good. 5-12%.Their native token just pumped on a cease and desist order from yankie land.

What do we care. Having the regulation running on fines and donations.

You delete this and go I back to youtube and watch that smack macron video?

[Imran232]

Honestly speaking, I didn't hear about bitcoin interest and its percentage either. first time I've known after seeing your post. But frankly speaking, I didn't find much potential in this 6% of interest where I might get 9-10% yearly from holding it in the bank too. But for me holding in another wallet to get 6%, I would be friendly with my wallet to hold it. And I believe if I am able to hold bitcoin for 4-5 years, I can get even more profit, excluding the 6% interest. And what about the bitcoin seed, also known as the private key?Yes, I owe my own. Whoever is going to share it with others, Will you? By the way, thanks to this post, I got information about bitcoin interest. 

[Easteregg69]

Honestly speaking, I didn't hear about bitcoin interest and its percentage either. first time I've known after seeing your post. But frankly speaking, I didn't find much potential in this 6% of interest where I might get 9-10% yearly from holding it in the bank too. But for me holding in another wallet to get 6%, I would be friendly with my wallet to hold it. And I believe if I am able to hold bitcoin for 4-5 years, I can get even more profit, excluding the 6% interest. And what about the bitcoin seed, also known as the private key?Yes, I owe my own. Whoever is going to share it with others, Will you? By the way, thanks to this post, I got information about bitcoin interest. 

You punch those 12 words in to a metal plate and carry it around you neck.

[Hypnosis00]

Wondering how many of you earn interest on your Bitcoin?

Do you mean staking?

Do you feel this is risky, whoever owns the private key owns the BTC ?

For the safety of your funds, don't let others hold/know your keys. Some people use third parties like putting their Bitcoin on them and letting them manage to grow their investment and receive some percentage in returns. We actually get some benefits but what if the site gets compromised, you'll not be sure as well if you can get back your Bitcoin. That will be the risk and it is really risky.

[King Raymond]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

6% interest is a small price for me to risk my BTC on any platform. There's a lot of scams out here in the crypto space, handing anybody your seed phrase isn't the best idea in my opinion for just a 6% reward. I can only risk my asset if the reward was bigger (50% - 70%), but we'll know only a scammer would make such offers.

There are other safer ways one can earn more BTC than that. You can buy BTC when the market is down and sell when everywhere is green. It's more safe and profitable than risking your assets with a platform that may turn out a scam.

[Hippocrypto]

As far as I know, many people are interested in bitcoin because of it's good value. They have interest in bitcoin because it's so known all over the world. Yes, it might be risky but if you have the plan on what to do then you don't need to worry more on it's high risk. From my perspective, One way to earn interest in bitcoin is by buying more bitcoins. Once you get your first stash, you'll want to get more and increase your total holdings so that you will get an interest when you purchase something.

[RILWAN]

Interest making in Bitcoin has to do with the increase in the price of Bitcoin and once you hold Bitcoin as an asset it has stability much more than other assets and having the thought of ever losing in Bitcoin should not occur in your thoughts.

[Sebas.tian]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

I earned a huge amount of interest few weeks ago when the price of bitcoin increase to $67 before the price started decrease to $60 few days ago in the market. It was not a small risk I took to observe the market price very well for me to be able to achieve my interest from the investment.

[TheUltraElite]

There are exchanges that give you interest for holding the coins but i will not trust them either.

Exchanges that are running for long can be trusted that they would not steal your money - the problem is with the hacks and big reputed exchanges are often the hackers targets. The legal battle after that can be tiresome and frustrating and it is wise to avoid this altogether.

But the third party sites specializing on acting like a bank to give loans and take deposits, I would rather keep my coins in a wallet whose private keys are under my control.

When it comes to random messages posting returns, hell no way, block and move on .

That is a no-brainer, mate. People who fall for those need to stop investing in cryptocurrencies.

I earned a huge amount of interest few weeks ago when the price of bitcoin increase to $67 before the price started decrease to $60 few days ago in the market. It was not a small risk I took to observe the market price very well for me to be able to achieve my interest from the investment.

The topic is for interest earned on staking bitcoin on sites that offer to do so. What you earned, congrats for that, is from speculative market trading. These two are different.

[BuNga_cute]

As far as I know, many people are interested in bitcoin because of it's good value. They have interest in bitcoin because it's so known all over the world. Yes, it might be risky but if you have the plan on what to do then you don't need to worry more on it's high risk. From my perspective, One way to earn interest in bitcoin is by buying more bitcoins. Once you get your first stash, you'll want to get more and increase your total holdings so that you will get an interest when you purchase something.

It seems that most people are interested in Bitcoin because it can provide greater interest than bank interest or other assets. Especially in
a pandemic situation like now, Bitcoin is an asset that has amazing performance, this year even Bitcoin managed to reach new ATH twice.
This means that we simply buy Bitcoin and hold it until the price goes up, then we will get interest from Bitcoin. The more Bitcoins we collect,
the more interest we should earn. Or it could be by staking Bitcoin on several trusted platforms, then we will get interest from Bitcoin.

[virasog]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

To earn the interest on your bitcoin, you either have to deposit your bitcoin to a central site which control your funds and may give you certain percentage as an interest daily, weekly or monthly. This is too much risk as the third party may close their business anytime and you may lose the funds.
Holding bitcoin with yourself is also profitable, as the value of bitcoin keeps on increasing with time.

[TheBitcoinGambler]

so happy I joined this forum - I didn't even know it's possible to get interest on Bitcoin! Thanks everyone for enlightening me here

[Swapzone_pr]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

You can earn up to 7% interest on Bitcoin, but it's risky, HODLing exposes investors to face the risk of hacks. Traders usually prefer a hot wallet to trade funds quickly, but this type of storage could be dangerous cause the public and private keys are kept on the internet. You need to know how to protect yourself from attacks.

[DewiKirana]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

If it is calculated from when I started to invest in Bitcoin, now I have earned around 68% net profit from.
It's very risky if your private key is given to someone else, don't do that.